Acculynk has entered a partnership with Gesa Credit Union to pilot Payzur, a peer-to-peer payment system.
Payzur allows customers of financial institutions to send P2P payments with their bank-issued PIN number on a PaySecure graphical PIN pad.
“PIN debit continues to grow in popularity with our members and the Payzur debit-based solution is so simple it will be readily adopted by our members,” says Jeff Gegen, vice president of eServices at the credit union, in a Dec. 18 press release. “This new electronic method will be both cost effective for the credit union and convenient for our members.”
Since the service runs on debit rails instead of Automated Clearing House (ACH), consumers can begin the service without enrollment or wait time.
“With Payzur P2P, banks and credit union can offer their customers a personal commerce solution that is as simple and fast to the consumer as using PIN debit at the grocery store,” says John Kerley, senior vice president and general manager of Payzur.
Gesa Credit Union, located in Southeastern Washington, has 110,000 members and $1.2 billion in assets.
Also partnering with Acculynk, Crystal Clear Payments will offer its financial institution clients the Payzur product. Crystal Clear Payments provides debit and credit signature processing, cardholder loyalty programs, intelligent ATM services and fraud management and prevention.